Bail conditions of American billionaire allegedly changed at court hearing

Billionaire David Alkiviades had his court hearing this morning, May 14, but the outcome has still not been confirmed.

Alkiviades was charged with possession with intent to supply, possession of controlled drugs and importation of a controlled drug into the federation.

Reliable sources have indicated that his bail conditions have since been changed because of new evidence in the investigation.

There has not been any official statement from the Police in relation to the matter.

He was as a result of an investigation launched on May 07, 2019 into the circumstances surrounding material suspected to be cannabis on a private aircraft.

The initial conditions of Alkiviades’ bail were a cash bail of $30,000 to be paid forthwith, a sum of $50,000 with two sureties, ordered to surrender all travel documents and ordered to report to the Frigate Bay Police Station daily.

Plans by the billionaire to invest in developing partnerships with local farmers who are interested in the legal cannabis industry, through his company Swiss X, have triggered extensive social responses.

During a press conference at the St. Kitts Marriott on May 13, Alkiviades confirmed that he was filing suits against the government of St. Kitts. It is not yet clear the grounds of the lawsuit but the billionaire repeatedly claimed that he was wrongfully detained.

While speaking, Alkiviades refuted claims that he was not here to purchase any land but to extend a business opportunity to local farmers.

There were some who questioned the tone of his delivery at the press conference. Many have since opined that even though his tone- some alleged disrespect- would have taken away from the reach of his message, there basis of his arguments cannot be ignored.

He alleged that his friend Chase Ergen was arrested because talks with Prime Minister Harris about coordinating support efforts with other territories that have shown an interest in being shareholders in the hemp industry broke down.

Attempts to confirm Chase’s detention have not been successful.

Alkiviades is a Greek billionaire heir, a member of the Leventis family, whose holdings include manufacturing, bottling plants, property and shipping. In 2008 he was the majority shareholder of Leventis-David Group, which owns Coca-Cola Hellenic bottling plants in 28 countries.